Coinbase May Face Strong Actions From The SEC
Tech Maaaring Harapin ng Coinbase ang Matitinding Aksyon Mula sa SEC 12 minuto ang nakalipas Balita ng Ethereum ng Bitcoin According to Coindesk, a report on Monday by Berenberg suggests that the SEC will soon take action against Coinbase, similar to what it did with Bittrex and Kraken. In mid-February, Kraken Crypto Exchange “immediately” terminated its crypto staking service platform for US customers and paid $30 million fees to SEC, to which they offered unregistered securities. In mid-April, the SEC charged crypto asset trading platform Bittrex, Inc. and co-founder and former CEO William Shihara for running an unregistered national stock exchange, brokerage, and clearing agency. The SEC also charged Bittrex, Inc.‘s foreign arm, Bittrex Global GmbH, for failing to register as a national stock exchange in connection with operating a single common order book alongside Bittrex. On May 8, the exchange declared bankruptcy following the SEC’s allegation. Coinbase (COIN) will soon be the target of enforcement action from the Securities and Exchange Commission (SEC), which may reflect the regulator‘s activities against cryptocurrency exchanges. Bittrex and Kraken are electronic competitors, according to Berenberg’s research study from Monday. Berenberg estimates that at least 37% of Coinbases $736 million in first-quarter net revenue came from transaction fees and spreads posted by